Wajax Co. (TSE:WJX) Stock Has Consensus Price Target of C$36.50

Shares of Wajax Co. (TSE:WJX) have received an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$36.50.

Several brokerages recently commented on WJX. National Bank Financial boosted their price target on Wajax from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Scotiabank dropped their target price on shares of Wajax from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 7th. TD cut their price target on Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. Finally, Stifel Nicolaus set a C$45.00 target price on shares of Wajax and gave the company a “buy” rating in a research note on Wednesday.

Wajax Stock Performance

TSE:WJX traded up C$1.89 during trading hours on Wednesday, hitting C$36.40. 2,276 shares of the company traded hands, compared to its average volume of 67,899. The company has a current ratio of 1.92, a quick ratio of 0.71 and a debt-to-equity ratio of 66.87. The firm has a 50-day moving average of C$31.43 and a 200 day moving average of C$31.14. Wajax has a twelve month low of C$22.43 and a twelve month high of C$36.86. The stock has a market capitalization of C$792.79 million, a price-to-earnings ratio of 12.38, a P/E/G ratio of 0.50 and a beta of 0.40.

Wajax (TSE:WJX) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. Wajax had a return on equity of 12.07% and a net margin of 3.18%.The firm had revenue of C$515.67 million during the quarter. On average, analysts forecast that Wajax will post 3.4850136 EPS for the current year.

Wajax Company Profile

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.